I'm beginning to think Jeremy Rifkin could well be right.
Wall Street gets a reprieve on 2 of its biggest worries about the economy
Diplomatic tensions with North Korea. A criminal investigation into possible conspiracy against the United States. The sudden, unexpected firing of Secretary of State Rex Tillerson. Such massive turbulence has barely registered on the market's radar. Instead, traders are fretting over the possibility that slightly higher inflation might drive the Federal Reserve to raise interest rates more aggressively, possibly compromising the economic expansion. Two major economic reports out Tuesday allowed investors to put their concerns into perspective: Consumer prices rose only modestly and, more importantly, median wages are actually ... (full story)
- Posted: Mar 13, 2018 2:48pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 711